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    Retail Strip in High Traffic Area Title is generated by Realmo AI

    1418 N CLAIBORNE Avenue, New Orleans, LA 70116

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    For Sale
    $850,000

    COMMERCIAL - New Orleans, LA

    Property size:
    4,850 SF
    Price / SF:
    $175/SF
    Added:
    Jan 29, 2026
    Days on Market:
    131
    Last Refresh:
    Jun 9 at 5:06 pm

    Property Features for 1418 N CLAIBORNE Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HMC-2
    Parking features
    Driveway, Off Street
    Standard status
    Active
    APN
    37W106509
    Size
    4,850 SF

    Taxes and HOA fees

    Tax Description
    Lots 11 and 12, Sq 629, Third District, Orleans Parish

    Utilities

    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    2

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    Listing Contact
    Beverly Rambo

    Listing agent Beverly Rambo License #15702

    Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA

    Listing date Jan 29, 2026

    MLS# 2533625

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High traffic area suitable for various businesses
    • Ample parking available directly across the street
    • Well‑maintained exterior
    • Six retail bays (3 on each floor)
    • Long‑term tenants already in place
    • Below‑market rental rates

    Overview

    Located in a high-traffic area suitable for various businesses, this two-story retail strip is situated on the left-hand side of Discount Zone, though it does not include Discount Zone itself. The property features three retail bays on the first floor and three retail bays on the second floor. Some tenants have occupied the building for many years, with rents currently below market value for the area. The exterior of the building has been well maintained. The property is zoned HMC-2 and has a size of 4850 square feet. A large parking area is located directly across the street.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $87.3k $18.00
    − Vacancy −$1.7k −$0.36
    EGI $85.6k $17.64
    − OpEx −$25.7k −$5.29
    NOI $59.9k $12.35
    4,850 SF · lease $18.00/SF/yr · vacancy 2.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $855.5K
    $748.6K – $998.1K (±1% cap)
    NOI $59,888 @ 7.0% cap · market cap 7.05%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.23M
    $1.08M – $1.44M (±1% cap)
    NOI $86,290 @ 7.0% cap · market cap 10.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Peoples Assembly Office Association Or Organization Mr. Vatos Smoke ... (Bike/Boat/Book/etc) Store New Orleans Mobile Mobile Phone Store Afritude Hair Braiding Hair Salon Master Touch Barber Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0679303
    Latitude
    29.9696752

    FAQs

    What type of property is this?
    Strip mall - Two-story retail strip in high-traffic New Orleans location.
    Where is this strip mall located?
    The property is located at 1418 N CLAIBORNE Avenue New Orleans, LA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: High traffic area suitable for various businesses; Ample parking available directly across the street; Well‑maintained exterior
    More about this property
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